Investment, privatisation matters reviewed

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ISLAMABAD: In mild of the current go to of a high-degree Pakistani delegation to Azerbaijan, Federal Minister for Board of Investment, Privatisation, and Communications Abdul Aleem Khan chaired a high-level evaluation meeting to evaluate development on funding and privatisation topics following the visit to Azerbaijan. Pakistan’s Ambassador to Azerbaijan, Qasim Mohi Uddin, joined the meeting through video link, in which he highlighted the Azerbaijani authorities’s interest in investing in Pakistan thru a government-to-government (G2G) version. He stated that Azerbaijani institutions are keen to participate in Pakistan’s privatisation projects and are especially thinking about investment in two key motorways—the M6 and M9—within Pakistan’s communications zone. Mohi Uddin similarly highlighted the significance of expediting resolutions to current investment-associated issues with Central Asian international locations, noting that state-of-the-art meeting aimed to evaluate development made on these fronts and to ensure that actionable steps are in area. Minister Aleem Khan directed the ambassador to finish all vital groundwork ahead of the upcoming Joint Commission meeting among Pakistan and Azerbaijan, which is scheduled to take region on December 24 and 25 this year. Stressing the significance of a unified and systematic technique, Khan announced his aim to hold separate meetings with the ambassadors of Turkey, Azerbaijan, and Uzbekistan to discuss and improve possibilities in privatisation, funding, and verbal exchange sectors collectively. Highlighting the broader nearby exchange dynamics, Khan remarked that Pakistan’s more desirable exchange members of the family with Central Asian nations should serve as a strategic gateway for the us of a to get right of entry to Eastern European markets, underscoring the want for dedicated efforts in this path. He additionally pointed out Pakistan’s prominent illustration at COP29, held in Baku in advance this month, as a testomony to the united states of america’s developing engagement with Azerbaijan on multiple fronts. Federal secretaries from the privatisation and communications ministries, along side the chairman of NHA, provided unique briefings regarding their respective departments for the duration of the assembly.

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